{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-22-000818","form_type":"8-K","ticker":"FEIM","cik":"0000039020","company_name":"FREQUENCY ELECTRONICS INC","filed_at":"2022-07-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.835922+00:00","generated_at":"2026-06-24T16:14:27.993456+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CEO Stanton Sloane resigns; FY2022 revenue down 11%, net loss $0.93 per share","bullets":["CEO Dr. Stanton Sloane resigned effective July 8, 2022; Dr. Thomas McClelland appointed Interim President and CEO.","FY2022 revenue $48.3M, down 11% YoY; net loss $8.7M ($0.93 per diluted share) vs net income $680k prior year.","Operating loss $8.0M driven by cost overrun on development program and delayed contract award at FEI-Zyfer.","Company remains debt-free with $21.5M cash/securities; backlog stable at ~$40M.","Investment in Morion impaired due to Russia-Ukraine geopolitical tensions."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-22-000818","json":"https://secwatch.observer/filing/0001185185-22-000818.json","markdown":"https://secwatch.observer/filing/0001185185-22-000818.md","text":"https://secwatch.observer/filing/0001185185-22-000818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/0001185185-22-000818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/freqelec20220713_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T16:14:27.993456+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"00fc5c4df8","claim":"Thomas McClelland was appointed as Interim President and Chief Executive Officer at FREQUENCY ELECTRONICS INC.","evidence_excerpt":"The Board of Directors of the Company appointed Dr. Thomas McClelland to serve as the Company’s Interim President and Chief Executive Officer, in addition to his existing positions and responsibilities with the Company, effective July 8, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/0001185185-22-000818-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"c93640939d","claim":"Stanton Sloane resigned as President and Chief Executive Officer at FREQUENCY ELECTRONICS INC.","evidence_excerpt":"On July 8, 2022, Dr. Stanton Sloane and the Company mutually agreed that Dr. Sloane would resign as President and Chief Executive Officer and as a member of the Board of Directors of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/0001185185-22-000818-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}